Gold drops 3% below $4,160/oz as crude rises, bonds gain

Gold fell over 3% to below $4,160/oz, with silver, platinum, and palladium also declining, while crude oil prices rose and bonds strengthened. The move suggests a shift in investor preference away from precious metals toward energy and fixed income, possibly reflecting changing inflation or growth expectations. The exact driver is unclear from the report, but the simultaneous rise in crude and bonds points to a complex macro signal.